just wondering what everyone was gonna do with theirs??

i guess it all depends on what you get back, i usually get fucked hard on taxes!!

i read that we will almost ALL get back a $300 reimbursement off the top, plus the regular return. i cant wait to get some money in my pocket!!

my common sense tells me to pay a loan off that i have, but my truck tells me to get some heads and gears for it.......

 

Well I dont get a whiole lot back that's for sure...it was real nice when we had the kids living with up, I'd get 5K but nowadays it's like $500. I'm just going to pay some CC bills.

 

amen to that

 

could you please elaborate on this.


BTW, for those of use who own houses, you get a new deduction for PMI insurance. If you mortgage has PMI then you get to deduct it. For those of you who don't know what PMI is it is insurance for the mortgage company. I believe most Mortgage companies make you pay it if you do not have that much equity into your house..... Just FYI!!!

 

I'll be getting back pennies compared to what I paid in

 

Oh and another piece of financial info for yall

I never get any money back I always have to pay, but I do this on purpose. What I do is claim the maxium on my W-2. Which is 9, 10 I believe is tax free. Then I take that extra money and direct deposit it into a ING savings account (currently @4.5%). Then at the end of the year I just withdrawl the amount I owe and pay it. Now with that said you can make some extra money due to the interest, but you have to be responsible and not touch the money all year. I have been doing this for the last couple of years. Might as well make some money on top of your money instead of the Goverment....

 

^^smart. Most small business owners do the same sort of thing.

 

I've always recieved good money on tax return, but thats cause I report single and 0 all year long so I take a hit all year but get a big chunk when tax return comes around, plus my wife only worked 2months last year so that should help out some... but we'll see, Im ready for it, since that is going towards the down payment of our new house...

 

Kinda boring but, I don't escow T & I into my morgage. My return will pay my property taxes and insurance for the year, prepay next winters oil, and help w/ my trip for 4 to Cali in April.

 

i dont know about getting back just for PMI, myself.....i have LPMI...which is a lendor paid mortgage insurance....it is factored into my mortgage as i did a 100% finance on my home. i know you can deduct the amount of interest paid over the year....and i think you can deduct downpayments on any substantial purchases for that year <truck>

and as for the $300, it was something i read on a news website... remember getting it when Bush signed into office about 2003?? we are supposed to get it again, as long as your income was between $3K and $75K, you are to recieve a $300 reimbursement for your taxes. you may have to google it for a better explanation.